3854 Thomas Avenue N Minneapolis, MN 55412

$445,000
Active
Retail  |  MLS # 6705803
Active
  • 3854-3862 Thomas Ave N
    3854-3862 Thomas Ave N
  • 5 Unit Commercial Buildilng
    5 Unit Commercial Buildilng
  • Classic 1920s Retail Center
    Classic 1920s Retail Center
  • Corner of 39th & Thomas Ave N
    Corner of 39th & Thomas Ave N
  • Corner of 39th & Thomas Ave N
    Corner of 39th & Thomas Ave N
  • Charming Urban Neighborhood Setting
    Charming Urban Neighborhood Setting
  • Includes 14 Space Parking Lot
    Includes 14 Space Parking Lot
  • Rear view of property
    Rear view of property
  • At the Intersection of 39th Ave N & Thomas Ave N
    At the Intersection of 39th Ave N & Thomas Ave N
  • Well-Maintained Building
    Well-Maintained Building
  • Classic Store Fronts
    Classic Store Fronts
  • Store Front Display Windows
    Store Front Display Windows
  • 14 Space Parking Lot with Expansion Potential
    14 Space Parking Lot with Expansion Potential
  • Each Unit has Separate Gas & Electric Utilities
    Each Unit has Separate Gas & Electric Utilities
  • Rear Entrances to Each Unit
    Rear Entrances to Each Unit

About The Listing

Classic 1920s brick retail center in Victory neighborhood. Building has 5 units with a 14 space asphalt parking lot. Well-maintained building with newer forced-air furnaces in each unit and 4 of the 5 units have central air. Main floor units feature 9-10 ft ceiling height, separate front and back entrances, and some units have display windows. Property has a full basement with 8 ft ceiling height. Tenants pay their own heat/gas/electric. Four stable, long-term tenants occupy the 5 spaces. Buy as an investment opportunity or owner-occupy with your own business as space becomes available. Take advantage of the close proximity of Victory Memorial Drive and other thriving, local businesses and become a part of the growing Victory neighborhood business community.


Listing courtesy of Stephanie S Gruver, RE/MAX Results
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1926
MLS #: 6705803
Garage Spaces: 0
Parking Description: Asphalt, Parking Lot
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Forced Air
Basement: Block, Full, Single Tenant Access
Construction Description: Brick/Stone
Roof Description: Flat, Rubber
Disability Features: Other
Latest Update: 05/06/2025
List Date: 05/06/2025
Listing Agent ID: 502031846
Listing Office: RE/MAX Results
Listing Office ID: 40490
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Lot Dimensions: 83x126.4
Lot Size: 0.24 Acres
Lot Features: Corner Lot
School District: Minneapolis
Tax Year: 2025
Estimated Taxes: $9,766
Contingency Type: None
City: Minneapolis
Zip: 55412
County: Hennepin
Subdivision: Thorpe Bros William Penn Add
State: MN
Listing last updated: 05/06/25

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